China's Newegg Commerce stands out in gloomy meme stocks universe

Data Storage

07/07/2021 16:52

** Shares of Chinese e-commerce co  NEGG.O  soar as much as
162% to hit a seven-year high of $71.14, rising for a third
straight session 
    ** NEGG was last up 88%, the biggest upside move in any U.S.
stock on Wednesday with 28 mln shares traded vs its 10-DMA
volume of ~3 mln; stock is up ~400% in the past six sessions 
    ** Another recent retail favorite, Data Storage  DTST.O ,
also advances 
    ** However, others meme stocks lose ground: AMC
Entertainment  AMC.N  and ContextLogic Inc  WISH.O  fall 10% and
7%, while Marin Software  MRIN.O  and Pop Culture Group  CPOP.O 
drop about 23% each  urn:newsml:reuters.com:*:nL3N2OJ34Y

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))